Indiabulls Commercial Credit NCD April 2023 Description – Incorporated in 2006, Indiabulls Commercial Credit is a non-deposit-taking NBFC registered with the RBI and a 100% subsidiary of IHFL, a listed housing finance company. It’s also a notified financial institution under the SARFAESI Act.
The company predominantly offers long-term mortgage loans, which comprise (a) retail mortgage loans to self-employed individuals, proprietorships, and small businesses and (b) corporate mortgage loans to developers of residential projects. As of 31 March 2022, its loan book was INR 10,950.3 crores, 74% of which comprised mortgage loans. Its target client base comprises salaried and self-employed individuals as well as small and medium-sized enterprises.
Indiabulls Commercial Credit offers mortgage loans to real estate developers in India in the form of lease rental discounting for commercial premises and construction finance. Personal loans, as a product line of its business, have been discontinued and its vintage book is in run-down mode.
As of 31 December 2022, the company had 36 branches spread across India, out of which 29 premises are its parent branches. Indiabulls Commercial Credit borrowings as of 31 December 2022, 31 March 2022, and 31 March 2021, amounted to INR 7,434.30 crores, INR 7,563.21 crores, and INR 7,823.05 crores respectively.
Promoters of Indiabulls Commercial Credit – Indiabulls Housing Finance Limited
Indiabulls Commercial Credit NCD April 2023 Details
| Subscription Dates | 3 – 19 April 2023 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 100 crores |
| Overall Issue Size (including oversubscription) | INR 200 crores |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 24 months 36 months 60 months |
| Credit Rating | CRISIL AA/Stable [ICRA]AA (Stable) |
| Category Reservation | Category 1 (QIB): 30% Category 2 (NII): 10% Category 3 (HNI): 30% Category 4 (Retail): 30% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
Indiabulls Commercial Credit NCD April 2023 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 24 months | Annual | 10.0% | 9.98% | INR 1,000 |
| Series 2 | 24 months | Monthly | 9.57% | 9.99% | INR 1,000 |
| Series 3 | 24 months | Cumulative | NA | 10.0% | INR 1,201.55 |
| Series 4 | 36 months | Annual | 10.25% | 10.23% | INR 1,000 |
| Series 5 | 36 months | Monthly | 9.80% | 10.24% | INR 1,000 |
| Series 6 | 36 months | Cumulative | NA | 10.25% | INR 1,322.30 |
| Series 7 | 60 months | Annual | 10.50% | 10.49% | INR 1,000 |
| Series 8 | 60 months | Monthly | 10.03% | 10.50% | INR 1,000 |
Indiabulls Commercial Credit Non Convertible Debentures Lead Manager
EDELWEISS FINANCIAL SERVICES LIMITED
Edelweiss House, Off CST Road,
Kalina, Mumbai – 400 098, Maharashtra
Phone: +91 22 4086 3535
Email: [email protected]
Website: www.edelweissfin.com
Indiabulls Commercial Credit Non Convertible Debentures Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com
Indiabulls Commercial Credit NCD NCD Documents
- Indiabulls Commercial Credit NCD Tranche II Prospectus
- Indiabulls Commercial Credit NCD Draft Prospectus
- Upcoming NCDs
Indiabulls Commercial Credit NCD Contact Details
INDIABULLS COMMERCIAL CREDIT LIMITED
One International Centre, Tower I,
18th Floor, Senapati Bapat Marg,
Elphinstone Road, Mumbai – 400 013
Phone: +91 22 6189 1400
Email: [email protected]
Website: www.indiabullscommercialcredit.com
Indiabulls Commercial Credit NCD April 2023 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
| 19 Apr 2023 | 0.00 | 5.77 | 0.18 | 2.21 | 1.30 |
| 18 Apr 2023 | 0.00 | 3.25 | 0.15 | 1.90 | 0.94 |
| 17 Apr 2023 | 0.00 | 2.55 | 0.14 | 1.77 | 0.83 |
| 13 Apr 2023 | 0.00 | 2.05 | 0.14 | 1.62 | 0.73 |
| 12 Apr 2023 | 0.00 | 0.01 | 0.12 | 1.34 | 0.44 |
| 11 Apr 2023 | 0.00 | 0.01 | 0.12 | 1.23 | 0.41 |
| 10 Apr 2023 | 0.00 | 0.01 | 0.12 | 1.09 | 0.37 |
| 6 Apr 2023 | 0.00 | 0.01 | 0.09 | 0.45 | 0.16 |
| 5 Apr 2023 | 0.00 | 0.00 | 0.07 | 0.65 | 0.22 |
| 3 Apr 2023 | 0.00 | 0.00 | 0.01 | 0.35 | 0.11 |
Indiabulls Commercial Credit NCD April 2023 Allotment Status
Indiabulls Commercial Credit NCD April 2023 allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
Indiabulls Commercial Credit NCD April 2023 FAQs
What is the face value and lot size of Indiabulls Commercial Credit NCD April 2023?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in Indiabulls Commercial Credit NCD April 2023?
The frequency of payment for Indiabulls Commercial Credit NCD is Monthly,  Annual & Cumulative.
What is the basis of allotment in Indiabulls Commercial Credit NCD April 2023 offer?
Indiabulls Commercial Credit NCDs will be allotted on a First Come First Serve Basis.
